2026 SHARE BUYBACK PROGRAMME - FIRST TRANCHE
Summary by AI BETAClose X
4 August 2026
RECKITT BENCKISER GROUP PLC
2026 SHARE BUYBACK PROGRAMME
Reckitt Benckiser Group plc ("Reckitt" or the "Company") announces that in connection with its intention to commence its latest share buyback programme of up to £500 million (the "Programme") over the next 12 months, which was announced on 29 July 2026, the Programme will commence on 5 August 2026. The purpose of the new share buy-back programme is to increase returns to shareholders and to reduce the share capital of Reckitt.
In accordance with the Company's general authority to make market purchases of existing ordinary shares of 10 5/12 pence each in the share capital of the Company (the "Ordinary Shares") as granted by shareholders at the Company's Annual General Meeting on 21 May 2026, the Company will purchase no more than 64,490,000 Ordinary Shares. The first tranche of the Programme will commence on 5 August 2026 and is expected to end no later than 11 December 2026. The first tranche will return up to £150 million of capital to shareholders. All shares repurchased under the first tranche will be held in treasury.
Reckitt announces that it has entered into an agreement with Citigroup Global Markets Limited ("Citi") under which it has issued an instruction to Citi to manage the first tranche of the Programme. Citi will, acting as riskless principal, purchase Ordinary Shares for an aggregate purchase price of no greater than £150 million and will simultaneously sell such Ordinary Shares on to the Company.
Any purchase of Ordinary Shares in relation to this announcement will be carried out on the London Stock Exchange and Multilateral Trading Facilities, as defined by the Directive 2014/65/EU on markets in financial instruments (including the delegated and implementing acts adopted under it) as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter, and executed in accordance with the UK Listing Rules and Reckitt's general authority to make market purchases of Ordinary Shares. The shares will be purchased in accordance with the price and volume conditions set out in the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programmes and stabilisation measures as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter.
Following the recent amendments to UKLR 9.6.6, the Company will announce purchases made under the Programme on a weekly basis rather than through daily announcements. Each announcement will contain aggregate and transaction-level details of purchases made during the relevant reporting period.
For the avoidance of doubt, no repurchases will be made in respect of the Company's American Depository Receipts.
Any further tranches of the Programme, which may be conducted after completion of this first tranche, will be announced in due course.
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
For further Information:
Catheryn O'Rourke
Company Secretary
Tel +44 (0) 1753 217 800
Nick Ashworth
Investor Relations Director
Tel. +44 (0) 7408 812350
About Reckitt*:
We make the products people trust to care for the ones they love. We are home to some of the world's best-loved consumer health and hygiene brands, including Dettol, Durex, Finish, Gaviscon, Harpic, Lysol, Mucinex, Nurofen, Strepsils, Vanish and Veet. Consumers are at the heart of everything we do. By creating innovative, science-backed solutions, we support people every day to live healthier lives.
Reckitt exists to protect, heal and nurture in the pursuit of a cleaner, healthier world. This commitment goes beyond the products we make. Through our actions, we expand access to healthcare, education and economic opportunities. We support the planet by reducing waste, conserving resources and driving sustainable innovation.
We believe good health starts at home. With every action we take, we strive to make our consumers' lives easier, cleaner and healthier, to strengthen communities and to create a more sustainable future.
* Reckitt is the trading name of the Reckitt Benckiser group of companies
Reckitt Benckiser Group plc's LEI code is 5493003JFSMOJG48V108
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 7 hours ago Savannah Energy
- 8 hours ago Buccaneer Energy PLC
- 9 hours ago Savannah Energy
- 9 hours ago Carclo
- 9 hours ago Schroder Japan Growth Fund